Stock news Electro Optic Systems
Electro Optic Systems (ASX: EOS) has launched a $175 million capital raising to fund the acquisition of the MARSS Group and enhance balance sheet flexibility. The initiative includes a $150 million fully underwritten institutional placement and a $25 million Share Purchase Plan (SPP), both priced at $8.00 per share—representing a 9.3% discount to the May 15 closing price. The proceeds are intended to cover the upfront consideration for the MARSS transaction and provide working capital to support a combined order book now valued at approximately $726 million. Trading in EOS shares has been placed in a halt pending the completion of the institutional placement.